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Lirr News Stand / Coffee Shop
Location New York,United States
Asking Price Range < $250K
Gross Revenues $82000
Net Profit / Cash Flow $34168
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2003
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Seller Will train
Reason for Sale Personal
Description LIRR News Stand/Coffee Shop for sale at affluent Nassau County stop. This business has been in this location for over 40 years. They offer LIRR riders coffee, bagels, newspapers, magazines, candy and other quick convenience items when getting on or off the LIRR. The location is currently open M-F 5am-10am. It can be open longer and on weekends. The current owner chooses not to due to family time constraints. That is the primary reason for the sale. It is a very simple, one person operation with very low overhead. There are only 4 expenses (rent, sales tax, newspaper and product bills). Utilities and garbage removal are included in the rent. The location averages $1,250 - 3,500/wk in sales (depending on the time of year). The owner has a weekly profit of $600- $900/wk with an average of $34,168 per year. There is upside with the addition of LOTTO and Cigarettes. PLEASE NOTE: THIS IS A SUBLEASE THAT IS MONTH TO MONTH. There are NO term leases offered. If you are not comfortable with this please DO NOT inquire! You may think a special exception will made for you, but it WILL NOT! This is a simple business ideal for someone looking for short hours and little effort (ie. retiree, first time business buyer). All a buyer needs is $50,000 in liquid funds to cover the downpayment and rent security deposit ($5,000). Inventory of $500 in included in the asking price of $69K. If you have the funds and are comfortable with a month to month lease, please call or email Mel Vaz today at 631-909-1095
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